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with all of the money printing in washington and inflation creeping up. some say it's smart to holding collectibles to your lineup to stay in the game. >> we need to gis distinguishbed investments. and some of these can be rewarding particularly if we see higher inflation in the years to come. >> you can easily unload yourb u can for a stock or bond. there will be a healthy demand for the yankee slugger that built the house but now houses the dirt. babe ruth went for record prices. >> he is the face of baseballanp in time. >> not to mention a good facef . john stocks would you mind signing this? >> have you got a basketball? >> susie: on wall street traders popped open thgnchpaame on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materiapa related stocks. financials were the strongest group this year, rising overr 26%.
with all of the money printing in washington and inflation creeping up. some say it's smart to holding collectibles to your lineup to stay in the game. >> we need to gis distinguishbed investments. and some of these can be rewarding particularly if we see higher inflation in the years to come. >> you can easily unload yourb u can for a stock or bond. there will be a healthy demand for the yankee slugger that built the house but now houses the dirt. babe ruth went for record prices....
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know, the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally, talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation, but also that demand which they consider move og the goalpost even though democrats d
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation but also that demand which they consider move og the goalpost even though democrats disput
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a
will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation...
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to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year that's about to end what would they be for you. well it's got to be the presidential election for us because that was really sort of the great thing marking the. political year and the fact that because you were sent home by the voters so i would say that's the biggest thing this year john how about you but what's because i was going to say to you do you think two thousand and twelve droned along. did go along for a lot of unfortunate people in pakistan and yemen and elsewhere they're not too happy with the u.s. drone program there but i think probably you know my realm is foreign policy and i think unfo
to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year...
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with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion over the next decade, if they want to undo the sequester or do further cuts to medicare or social security, those -- that will all have to be part of, as he put it, a balanced package including revenues. he's saying even after this deal, the next deal, which we all expect to happen again because this is a pretty small deal, will have to include revenues as well. this gets to the key thing in these negotiations which is republicans are telling themselves if they agree to do a small tax increase now, they can go to the debt ceiling and then negotiate out an all spending cuts deal. the white house is telling th
with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion...
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so, on balance, not bad for what we have in washington at this point. >> all right, let's get to your outlook for next year and you do look, like two sectors that have been on absolute tears this year, we're talking housing and banking. >> yes. one of the things i found interesting, there was a chart i came across over the weekend, the price of a median house in the united states in gold terms, it costs about 600 ounces of gold to buy the median house at the turn of a century, only 90 ounces of gold right now. housing is cheap. gold is expensive. housing's cheap, gold is dear. we may see the housing market continue to do better. i think that's going to continue. a lot of people who lost jobs are getting jobs back. college students are actually feeling a little bit better about life. they are finding apartments. those number of units we're having are going to be very beneficial. i suspect over the next year, what one wants to do is err upon the side of being out of gold stocks and long of housing stocks given the fact that we've taken that housing to gold ratio from 600 ounces to 100 o
so, on balance, not bad for what we have in washington at this point. >> all right, let's get to your outlook for next year and you do look, like two sectors that have been on absolute tears this year, we're talking housing and banking. >> yes. one of the things i found interesting, there was a chart i came across over the weekend, the price of a median house in the united states in gold terms, it costs about 600 ounces of gold to buy the median house at the turn of a century, only...
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taxi in washington d.c. like many other cities you can't always get a cab when and where you need one but when you do catch a taxi and meet its driver and my name is not. always right you know it's almost for you. like nasser he or she can offer up a reason when and why cabs becomes scarce of them you notice when you are driving cabs to the dad that is. too dangerous unsafe and on top of that the business is controlled by a commission that decides everything from how many cabs are on the road to where they can pick up to what they can charge them it into the fair. because the prices benefit going up but if it is a sit in and making it difficult to rack up those fares and serve customers are the cabs city limits. so we just arrived at reagan airport which is just right outside of washington d.c. and nasir a cab driver was nice enough to drop us off here only he can't get a return fare back he has to leave and go all the way back to d.c. without anybody in his cab simply because of the regulations. that requir
taxi in washington d.c. like many other cities you can't always get a cab when and where you need one but when you do catch a taxi and meet its driver and my name is not. always right you know it's almost for you. like nasser he or she can offer up a reason when and why cabs becomes scarce of them you notice when you are driving cabs to the dad that is. too dangerous unsafe and on top of that the business is controlled by a commission that decides everything from how many cabs are on the road...
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. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will they learn how to talk to each other? will they drive off the cliff? oh, there's a cheap hollywood feel to this bhol narrative, this self-inflicted drama, and i hope no one ever, ever makes a movie about it. that does it for "the cycle." jonathan capehart is in the chair today? i feel like he's cheating on us. weren't you part of "the cycle", brother? >> i was, but it's a new day now. thanks guys. i'm jonathan capehart in for martin bashir on this december 31st, 2012. we're so very close to a deal that would stop all hell from breaking loose. oh, and happy new year. >> today it appears that an agreement to prevent this new yea
. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will...
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there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue chips, there was some flip-flopping going on. the biggest gainer last year, the biggest dog of the dow. bank of america. doubled in price this year as the bank improved its financial footing. home depot and disney all saw strong earnings. consumers proved resilient in 2012. jpmorgan another of last year's dogs round out the top five with all big double digit percentage increases. if you look at the numbers, bank of america up a whopping 108%. home depot up 46%. now, hewlett-packard, the dow's second biggest loser in 2011 is this year's worst perform
there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue...
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or the way and washington once and for the. option rotund they live with us on the line from london happy new year to you and we do hope we'll continue to see you here on our teeth around twenty thirty. exception. to it have been years. now rory's back at the news already up to i have never seen a look so big. owners like forty feet in front of the size of wonderful three of you you know they say they say the camera adds ten pounds when you can go and. stop it as we all know you know artie we've got our three english around the world you. see espanol but in the united states they've got their own network of course r t america with a very impressive washington d.c. studio we can get to christine and we can almost get to christine for the moment she's just wrapping up our newscast right now in fact i can i can tell you i think the focus of our newscast has been has been that of the fiscal cliff we've been talking about it obama is going to address it in some hours but for now though make a lot of how well i will get to pepe escob
or the way and washington once and for the. option rotund they live with us on the line from london happy new year to you and we do hope we'll continue to see you here on our teeth around twenty thirty. exception. to it have been years. now rory's back at the news already up to i have never seen a look so big. owners like forty feet in front of the size of wonderful three of you you know they say they say the camera adds ten pounds when you can go and. stop it as we all know you know artie...
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the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of democrats who don't like this, they want the president to fight. remains to be seen is that can it pass the house gop? house republicans said any type of deal that doesn't cut spending will not get our vote even if it comes out of the senate. still a long way to go on any final compromise. >> kristen, what are you hearing out of the white house right now? >> toure, i'm hearing that actually their optimism seems to be mounting this afternoon. they are hopeful. you heard mitch mcconnell say it on the senate floor, they're very, very close to
the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of...
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people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank you. >>> we are heading towards the close. and about 35 minutes left. we continue to come off those highs. the dow was up 150 points at the peak. now a gain of 106 right now. >> we're sitting above the 13,000 mark. that's the level to watch. whether we can close out the year above that mark. >>> still ahead, what's going to happen in the worlds of tech in 2013? we've got predictions that might shock you like who might buy netflix. >>> also the five-year drop is truly ugly, but bank of america has been a agreement investment this year. should you stay with it for 2013 or will the
people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank...
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news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night that we worked and were on fox business and looking at the situation. i would personally love to see some real spending cuts at this point. okay. fine. you talk to a lot of ceos. most of them and make money as saying, you can tax me more. at least give me something for it. let me see something that brings down our deficit. okay. great to see you. happy new year. thank you so much. most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing peopl
news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night...
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this is we're just going to take you through some of the cities of course that was going into county washington she'll be joining us later so we're going to go around the world really and we've also with true from cairo paula slater from the middle east now we did do a little check just now a car we show you. is the red square it looks great when we saw it we can see more the molecule becoming up behind us now of course the big build is going to future can i get you are you all right you have been where you are in red square bring us up to date on the feeling this time around twenty twelve in the heart of russia and celebrations what's happening. for you guys unfortunately you can't see it live here because you're in the fancy studio but i'm here on red square and in the city center still and this is definitely the main spot in the city if not in the country to celebrate the new years to hear the actual countdown of the year on the clock on the hour or for the kremlin usually it's broadcast around the country but if you really want to see it kind of. i hear it live in analog and then it's right
this is we're just going to take you through some of the cities of course that was going into county washington she'll be joining us later so we're going to go around the world really and we've also with true from cairo paula slater from the middle east now we did do a little check just now a car we show you. is the red square it looks great when we saw it we can see more the molecule becoming up behind us now of course the big build is going to future can i get you are you all right you have...
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washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor
washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts...
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i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they h
i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc...
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given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a tentative deal. but it does not at this point involve any spending cuts. it puts off the sequestration, the mandatory cuts that were set to take place if no deal was reached by january 1st. it also includes tax increases, tax rate increases on some upper income brackets. again these are all tentative reports about a possible deal. the president set to speak at about 1:30pm eastern time and we'll carry it for you live right here. arthel: new controversy surrounding the bankruptcy filing by the city of stockton, california. city leaders are apparently going to p
given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a...
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oil prices have soared in the asian markets ahead of a last minute effort in washington to read. deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and he's the guy next to kind reporting right while i while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through and china mcgrath from a wide awake news explains. look at the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is you keep this massive government rolling and you can make social interest influence a washington d.c. whore that when the cameras are on you know they're on the red team they're going out there saying it's the welfare folks as well that's the people on food stamps or the peopl
oil prices have soared in the asian markets ahead of a last minute effort in washington to read. deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and he's the guy next to kind reporting right while i while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some...
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know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did actually admonish the europeans to get a deal done. tim geithner said again and again it was time for the europeans it to stop messing about. the canadian finance minister was furious at the g-8, the way the europeans were may having. geithner even came over to europe to try and sort of chimy them along he was so woerried. i don't think the fiscal cliff is quite as dramatic and dreadful as if there was a greek exit for all of the euro zone collapsed. that would have been far worse, but this drip you're talking about it hour after hour. this drip, drip, drip effect is corrosive to investor confidence and co
know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did...
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should washington compromise or go over the cliff? joining us from bay city, michigan, democratic line. caller: i am calling in in reference to this. i think that we paid today. into social security for 40 years. they should not touch that. they should leave medicare alone. i would like to have a list of all the people that want these pork barrel things in. the names and states of the people who want this. we voted them in and they should be working for the people and not the party. >> where is your frustration level with regards to congress and the president? caller: the president should get off of his high horse and just renew the tax cuts and go on and cut these pork barrel things. one guy wants this from this state, one guy wants that from that state, i am tired of hearing this. >> we have gathered all of the information on our website. on our homepage we will continue to monitor what happens in the house and senate as lawmakers continued to move closer to the tax issue, something we talked about this morning on "washington journa
should washington compromise or go over the cliff? joining us from bay city, michigan, democratic line. caller: i am calling in in reference to this. i think that we paid today. into social security for 40 years. they should not touch that. they should leave medicare alone. i would like to have a list of all the people that want these pork barrel things in. the names and states of the people who want this. we voted them in and they should be working for the people and not the party. >>...
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to our way of thinking, what's happening in washington is not favorable. it is dysfunctional and it does speak with the debt ceiling one or two months forward to a potential for deficits to remain in the trillion dollar category going forward. so as that symptomatic or emblemattic of a type of credit, perhaps not. we would very much watch the fiscal situation as it develops over the next several years and the ability to reduce entitlements, to raise taxes, to bring it into balance. >> and finally, bill, before i let you go, 2012 will certainly be remembered for the statement that you made that the cult of equity is dying and whether it's jack bogul that was on the program who says he disagrees, and you can say he was talking his book as others say you were talking yours, but you get the idea he disagrees with that. many other people on this network flat out disagree with that statement. what would make you change your mind and do you regret making that comment? >> well, first of all, you have to understand, i said that the cult of equity is dying, i didn't
to our way of thinking, what's happening in washington is not favorable. it is dysfunctional and it does speak with the debt ceiling one or two months forward to a potential for deficits to remain in the trillion dollar category going forward. so as that symptomatic or emblemattic of a type of credit, perhaps not. we would very much watch the fiscal situation as it develops over the next several years and the ability to reduce entitlements, to raise taxes, to bring it into balance. >> and...
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doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to do. as automation increased longshoremen's union demanded their job security preserved but the industry finds it prohibitively expensive. >> an tick waited rules. we've seen it in the automotive industry, the steel industry, in several productivity machines and they come into play and people get displaced by. that it is a difficult thing. in order to maintain the cost and competitiveness in a global marketplace we have got to pay attention to. >> reporter: in some respects president obama is caught in a web of his own making. he wants to be competitive in t
doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to...
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ike's great talent was he found this pashtun much the way george washington brushed aside his own impotence of ordnance in the revolution your while at key moments he put his foot down and essentially told the brits to stuff it. that didn't stop field marshal bernard montgomery from becoming a thorn in the sight of all american commanders in europe for the duration of the war. but ike, omar bradley, george patton all managed to work around to minimize the negative impacts of the war effort. so when the war ends we are expected to supply wealth and prosperity to all. we do to the death of our ability. and yet this brings with it this ironing that by supplying wealth and protection you are eroding the very disciplines that are necessary to maintain and perpetuate prosperity for yourself and prosperity and freedom for others. that would be the challenge for the next 75 years and the topic of volume two. how to provide a canopy of liberty and perpetuate american exceptionalism while allowing in just enough rain of difficulty and disappointment to remind americans and the world that the era in w
ike's great talent was he found this pashtun much the way george washington brushed aside his own impotence of ordnance in the revolution your while at key moments he put his foot down and essentially told the brits to stuff it. that didn't stop field marshal bernard montgomery from becoming a thorn in the sight of all american commanders in europe for the duration of the war. but ike, omar bradley, george patton all managed to work around to minimize the negative impacts of the war effort. so...
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washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule, wide open. i have a feeling he might be involved in the fiscal cliff talks? maybe. you're watching "the daily rundown." it's only on msnbc. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card
washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule,...
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john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happening under current policy. remember, current policy is 35% tax on estates of $35 million or more. democrats are going to be insisting on somewhat more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, th
john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way...
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the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa, and north dakota. while the south will see some thunderstorms move through later as well. >>> kim kardashian expecting her first child with favorite bad boy rapper kanye west. a spokeswoman for kardashian confirmed the news to cnn. twitterverse exploded sunday night african yes told his conce concertgoers, stop the music for my baby mama. >>
the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the...
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doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where efficient will see and new productive machines can come into play and people get displaced by that. it's been a difficult thing but it's one of the things that in order to maintain the cost and competitiveness in a global marketplace we have to pay attention to. >> reporter: president obama is
doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a...
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nightmare that some terrorist group will get their hands on a nuclear device and set it off in new york or washington or some other city. (instrumental music) >> the president wants $489 billion in defense cuts over ten years. pentagon officials say the goal is to create a smaller, flexible force that can fight traditional wars and mount special operations. >> now that we know the threats that are out there, where is our money being spent? >> the congressional budget office had an estimate that they put the total u.s. spending for defense at $699 billion. now, that is 20 percent of all federal spending, that is more than half of all discretionary spending. it's a substantial commitment to the united states. >> we spend less and less of our defense dollars on things that actually defend us. fifty percent of our defense budget goes to personnel. much of that personnel is bureaucratic personnel manning various defense department sites. >> currently much of the money is going to conventional needs, personnel, r and d and nuclear weapons. >> the congress debated the issue of replenishment of our stock or
nightmare that some terrorist group will get their hands on a nuclear device and set it off in new york or washington or some other city. (instrumental music) >> the president wants $489 billion in defense cuts over ten years. pentagon officials say the goal is to create a smaller, flexible force that can fight traditional wars and mount special operations. >> now that we know the threats that are out there, where is our money being spent? >> the congressional budget office...
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and washington outside the state department is only a little bit better. so when you start talking about who's an anti-semite, the better question is what kind of an anti-semite, okay? i had to define for pis -- for myself what anti-semite means. and i defined it as someone who believes that there's something in the genetic makeup of blood of jews that makes them sinister, corrupt and unable or or committed to destroying christian morality. lindbergh was an anti-semite. henry ford was an anti-semite. lady astor was an anti-semite according to this definition which became my definition. breckenridge law who was in the state department and ran the refugee program and kept out hundreds of thousands has as much blood on his hands as most germans, was an anti-semite. kennedy was not in that sense. but what kennedy was was kennedy as time went on absorbed every anti-semitic myth, every anti-semitic mythology. he used language, made speeches that were virulently and frighteningly anti-semitic. he believed that the organized jewish community -- not all jews, but t
and washington outside the state department is only a little bit better. so when you start talking about who's an anti-semite, the better question is what kind of an anti-semite, okay? i had to define for pis -- for myself what anti-semite means. and i defined it as someone who believes that there's something in the genetic makeup of blood of jews that makes them sinister, corrupt and unable or or committed to destroying christian morality. lindbergh was an anti-semite. henry ford was an...
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cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her. it's been a rough couple of weeks, first the flu, and then the concussion, and now this. it's especially worrisome when you have a secretary of state who's traveled now almost 1 million miles by air, and they've put that on hold, any type of travel on hold for at least another couple of weeks. right now i can't imagine that she is going to be doing much of anything travel-wise. the big issue for the secretary, when she came back -- she was supposed to come back -- was the hearing, a couple of hearings on capitol hill about benghazi, and the state departmen
cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her....
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somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's money. it's the arrogance of power that congress spends the people's money without regard to how this obsession affects those very people. when american families are in debt, they sacrifice, they cut spending, whether that means taking one less family vacation or fewer presents under the christmas tree. homes across the fruited plain are feeling the pain of the economic squeeze in their wall etc. and they adjust accordingly. -- wallets and they adjust accordingly. that's what happens when times are tough. families don't have a limited credi
somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's...
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politicians in washington are facing another day of intense negotiations. they have got to reach a deal to prevent damaging tax rises and spending cuts. hillary clinton is in the hospital, being treated for a blood clot. new year's festivities are beginning around the world. the first major city to walk, 2013 was auckland, new zealand rid as midnight struck, a huge fireworks display took place on top of the sky to our, the tallest building in new zealand rid thousands of people were gathered around to watch. there are planning a fireworks display in the capital city until unfortunately there were high winds. it was postponed. many people are celebrating across new zealand. it is summertime there. next up, a very famous celebration to take place in sydney, australia. kickoff in less than an hour's time rid -- in less than an hour's time. these pictures for the moment are of auckland, new zealand, welcoming in the new year. happy new year to new zealand. a great couple of hours coming up with all of those are words displays. our top story, negotiations betwee
politicians in washington are facing another day of intense negotiations. they have got to reach a deal to prevent damaging tax rises and spending cuts. hillary clinton is in the hospital, being treated for a blood clot. new year's festivities are beginning around the world. the first major city to walk, 2013 was auckland, new zealand rid as midnight struck, a huge fireworks display took place on top of the sky to our, the tallest building in new zealand rid thousands of people were gathered...
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and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think there will be a deal reached at least sometime over the next several days? >> yeah, i think the market does think there will be a deal ultimately reached. the market is afraid that it's not going to be a very good deal. we could have a preverse reaction where we go over the cliff but the cliff is clarity and we can work from there. if we get a band-aid deal the market will take that worse than even going over the cliff. it will be interesting to see how that shakes out. but ultimately i think the guys behind me right now, we want to find out what's going to happen with the 1
and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think there will be a deal reached at least...
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washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come right back. they score to tie it up. this game was all about one guy. edwin was waiting for adrian petersen to break the record of aaron dickerson. he came so close . had he scored he would have had the record. he came up nine yards and anddoes go over the 2000 yard mark and stockholder greatest season . might be your mvp if you can beat out peyton manning. there is the field goal. and get a rematch with the packers, adrian petersen is the man. >> here is your playoff match up. another game between the vikings and packers. shou
washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come...
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oil prices have soared in the asian markets ahead of a last minute effort in washington to. a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. trying to find your way through a complex tax system is not enough in the u.k. . to help them navigate it that's coming up later. another crew member has died in hospital after a passenger jet crashed at one of moscow's busiest airports it brings the number of dead to three others are still fighting for their lives the red wings' plane skidded off the runway and right into the bank of a major highway on saturday experts believe bad weather breaks or simply could have led to the tragedy. unfolded the twenty ninth of december the last working day of two thousand and twelve in russia. business is. the next here families. jump into their cars and escape the busy capital. highway heads to the west of moscow region where most of the luxury states
oil prices have soared in the asian markets ahead of a last minute effort in washington to. a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. trying to find your way through a complex tax system is not enough in the u.k. . to help them navigate it that's coming up later. another crew member has died...
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so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon...
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will washington come up with a last-minute compromise? plus, where are we headed on new demands for gun control? and, will we ever get all of the answers to the benghazi terror attacks? we'll cover a lot of ground when we sit down with two leading senators: democrat dianne feinstein and republican lindsay graham. also th 2012 in the rearview mirror we look ahead to 2013. our sunday panel weighs in on what we'll be talking about in the coming year. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you. >> good mornin
will washington come up with a last-minute compromise? plus, where are we headed on new demands for gun control? and, will we ever get all of the answers to the benghazi terror attacks? we'll cover a lot of ground when we sit down with two leading senators: democrat dianne feinstein and republican lindsay graham. also th 2012 in the rearview mirror we look ahead to 2013. our sunday panel weighs in on what we'll be talking about in the coming year. all, right now, on fox news sunday. ♪...
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thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> aren't most folks that way, though? either way the folks on capitol hill have called it a day and they've gone home. they reconvene tomorrow morning, democrats and republicans are so far apart. >> the american people know what's at stake here, we have a tenuous recovery, we have more people going back to work now, businesses are a little more confident
thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with...
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. >> and do people in washington, to they realize how angry a lot of americans are? we're down to the wire on a financial crisis that we haven't seen in a long, long time, and there's no agreement. they're scrabbling like kids. do they understand how people feel out here? >> stuart, legitimate comments and certainly, i heard comments like that over christmas and i'm sure a lot of lawmakers heard from constituents, family members, friends, similar things and off camera i've talked to senators today who just said we should be able to work out a deal. now? can you assess the tax rate at half million dollars, we give in on that, they give in on this and we should be able to pull into a deal. anytime we get to a point, number one, there's not any kind of trust between senate majority leader mitch mcconnell and harry reid and he went over his head to vice-president to see at the final hour. >> remember you had group work and somebody in the group waited until the last minute to get their work done. makes you so mad. it's not as if congress didn't know it's not coming, unde
. >> and do people in washington, to they realize how angry a lot of americans are? we're down to the wire on a financial crisis that we haven't seen in a long, long time, and there's no agreement. they're scrabbling like kids. do they understand how people feel out here? >> stuart, legitimate comments and certainly, i heard comments like that over christmas and i'm sure a lot of lawmakers heard from constituents, family members, friends, similar things and off camera i've talked to...